QUESTION 22 Which of the following is a disadvantage when a business accepts credit cards or debit cards from customers? O A. The business pays a processing fee. OB. The business bears the risk of nonpayment by the customer. OC. The business checks customers' credit ratings. O D. The business bears the responsibility of collecting cash from the customer.

QUESTION 22 Which of the following is a disadvantage when a business accepts credit cards or debit cards from customers? O A. The business pays a processing fee. OB. The business bears the risk of nonpayment by the customer. OC. The business checks customers' credit ratings. O D. The business bears the responsibility of collecting cash from the customer.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 11MC: Which of the following best represents a positive product of a lower number of days sales in...

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The companies dispose their accounts receivable because _____________ a. of shortage of accounting staff b. there are other ways to earn cash c. billing and collection expense are costly d. the accounts receivable are all good
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Multiple choice:
The companies dispose their accounts receivables due to a. Shortage of accounting staff b. Billing and collection expense are costly c. There are other ways to earn cash d. The accounts receivable are all good
Why does Target not report any accounts receivable, even though they have a Target brand credit card?
Customers who do not pay for the merchandise that they bought on credit are referred to as: Delinquent accounts Unpaid transactions Bad debts Lost sales revenue.
I need the answer as soon as possible
1. Why do most companies tolerate having a small percentage of uncollectible accounts receivable?
When a large account receivable balance is due from one client it is logical to use the direct write-off method to adjust the bad debt expense and accounts receivable balance. Under different circumstances, another method is used called the allowance method. Discuss the best reason(s) for using the allowance method and give some examples of companies that are likely to use that method. Also explain why it would ever be appropriate to use the direct write-off method, especially since it is not GAAP.
When a large account receivable balance is due from one client it is logical to use the direct write-off method to adjust the bad debt expense and accounts receivable balance. Under different circumstances, another method is used called the allowance method. Discuss the best reason(s) for using the allowance method and give some examples of companies that are likely to use that method. Also explain why it would ever be appropriate to use the direct write-off method, especially since it is not GAAP.
When a large account receivable balance is due from one client it is logical to use the direct write-off method to adjust the bad debt expense and accounts receivable balance. Under different circumstances, another method is used called the allowance method. Discuss the best reason(s) for using the allowance method and give some examples of companies that are likely to use that method. Also explain why it would ever be appropriate to use the direct write-off method, especially since it is not GAA